It organizes the study of major theoretical and practical issues of state-owned assets supervision as well as reform and development and Party building of state-owned enterprises. It plans as a whole and analyzes the reform and development of state-owned assets and state-owned enterprises, and puts forward overall policy suggestions with comprehensive studies. It also drafts important documents and reports.

It proposes policy recommendations for the strategic adjustment of the layout and structure of state-owned sector, and guides the adjustment of the layout and structure of supervised enterprises. It reviews the development strategies and plans of supervised enterprises, supervises their major investments in China and abroad, guides them in formulating and implementing international business strategy and in implementing national regional coordinated development strategy, and guides and coordinates their cooperation with local governments.

It studies and puts forward opinions on the improvement of state-owned property right management, and formulates rules, regulations and measures of state-owned property right management. It is responsible for the property right registration, assignment, transfer, and disposal as well as the approval and filing of assets evaluation projects of supervised enterprises. It reviews the capital changes, equity management and bond issuance plans of supervised enterprises, and supervises and regulates the transactions of state-owned assets of enterprises.

It improves the systems for supervised enterprises in terms of benchmarking multinationals and companies of the same industry, corporate executive business performance evaluation and enterprise performance evaluation, and conducts annual and tenure assessments of the business performance of corporate executives and the performance of supervised enterprises. It proposes remuneration and incentive measures for corporate executives, organizes the implementation according to assessment results, and standardizes the management of the duties and benefits as well as business expenditures for executives of supervised enterprises. It studies and proposes the guiding opinions on the reform of the income distribution system of state-owned enterprises, regulates the overall payroll distribution of supervised enterprises and employee benefits. It improves the medium and long-term incentive and restraint mechanism for state-owned enterprises, guides and supervises its implementation in supervised enterprises.

It organizes and guides the scientific and technological innovation work of supervised enterprises. It puts forward policy suggestions to promote scientific and technological innovation in supervised enterprises, pushes the implementation of an innovation-driven development strategy, guides and promotes the construction of originators of technologies, organizes and makes breakthroughs in key and core technologies, accelerates the transformation, application and promotion of scientific and technological results, facilitates integration of information technology application and industrialization as well as digital transformation, develops strategic emerging industries, enhances the capabilities of the scientific and technological innovation system of supervised enterprises, and drives the development of military-civilian integration.

It is responsible for the accountability investigation of supervised enterprises for illegal operation or investment, and the establishment of a supervision and accountability investigation work system. It disposes, oversees, and examines the hand-over problems, and conducts special checks on common problems. It organizes investigations on major losses of state-owned assets, and proposes accountability investigation opinions and suggestions.

It studies and formulates the systems and policies for the leadership team-building and the administration of corporate executives in supervised enterprises. It facilitates the leadership team-building and administration of corporate executives within the scope of administrative authority, and guides the work on personnel, their supervision, education and training, and retired personnel.

It is responsible for the theoretical study, ideological guidance and publicity of the supervised enterprises. It guides the work of supervised enterprises in media and public communications, ideological and political work, corporate culture building and spiritual civilization construction. It is also responsible for external publicity, news and cyberspace administration.

It undertakes matters related to the foreign affairs of SASAC and units directly under SASAC, and carries out international exchanges and cooperation. It also undertakes foreign affairs management and services for some industry associations. It is responsible for the foreign affairs in overseas operations of supervised enterprises, and assists in the handling of overseas emergencies and crises.

It guides the Party building work for industry associations and chambers of commerce, studies and puts forward opinions on strengthening and improving Party building work. It guides Party organization building and Party member training and management for industry associations and chambers of commerce. It also examines and approves heads of Party organizations and examines and verifies candidates for heads of industry associations and chambers of commerce.

It is responsible for the Party-masses work of SASAC and units directly under SASAC in Beijing.